FedEx
UPS, FedEx scramble to shore up networks drained by deadly crash
The grounding has drained capacity and complicated operations for the world’s largest package delivery companies just as shipping volumes surge for the peak period to Christmas
Global supply chain shocks to cause lasting impacts: FedEx CEO
The company is shifting its capacity, including redeploying aircraft, in response to the changes
More than 40 per cent of Apac businesses plan to shift focus away from US: survey
Around 22 per cent will pivot towards Asia and 21 per cent towards Europe over the next 12 months
FedEx sees sales growth in sign of parcel demand rebound
The company expects revenue to grow by as much as 6% this year compared with a 1.2% average gain forecast by analysts
FedEx partners Singapore startup QuikBot to deploy robots for deliveries in commercial areas
The tie-up will help improve last-mile delivery by integrating automation into deliveries, streamlining courier operations and saving time
FedEx forecasts profits below analysts’ target, shares dive 5% after hours
The company is more exposed to China trade than rival United Parcel Service
FedEx founder and executive chairman Frederick Smith has died, CEO tells staff
More than 500,000 employees worldwide handle approximately 17 million shipments each day at the company
FedEx launches Singapore-US direct cargo flight
The new link between Singapore and Anchorage link makes the company the only logistics provider with a direct flight to the continental US
FedEx cuts profit outlook again amid mounting economic woes
The parcel company is the latest US company to sound the alarm over weakening consumer confidence and potential fallout from US President Donald Trump’s escalating trade war
FedEx to spin off its freight trucking business
FEDEX announced the much-anticipated spinoff of its freight trucking division on Thursday (Dec 19), as it restructures operations to focus on its core delivery business.
